On April 17, 2025, EaseMyTrip, listed under the symbol EASEMYTRIP on the National Stock Exchange (NSE) and 543272 on the Bombay Stock Exchange (BSE), issued an official statement in response to the Enforcement Directorate's (ED) search operations conducted across over 50 locations. This includes a search at the premises of EaseMyTrip. The company made it clear that despite the search, there is no association, either directly or indirectly, between EaseMyTrip and the Mahadev Betting App or any other betting platform.

The statement, issued to the media, emphasized that the company has always upheld the highest standards of business practices and compliance. It further noted that EaseMyTrip has had no connections to any betting-related activities or platforms, including the Mahadev Betting App, which has come under scrutiny in the ongoing investigations.

EaseMyTrip's Commitment to Cooperation
The spokesperson for the company added that EaseMyTrip is fully committed to cooperating with the authorities and assisting in the ongoing investigation. The company assured stakeholders, customers, and investors that it is fully complying with the legal framework and regulatory requirements.

The media release also mentioned that a detailed version of the statement would be made available on the official EaseMyTrip website for investor relations at https://www.easemytrip.com/investor-relations.html. The release came as part of the company’s efforts to maintain transparency and clear any potential confusion arising from the ED’s actions.

Impact of ED Search Operations
The Enforcement Directorate, as part of its investigations, has been carrying out searches at various locations connected to individuals and companies allegedly associated with illegal betting platforms. Although the company’s name surfaced during these operations, EaseMyTrip has strongly denied any involvement or connection with such activities.

Company's Stand on Legal Compliance
EaseMyTrip has reiterated its stand on maintaining ethical practices and following the law in all its operations. The statement issued was a clear attempt to reassure its investors and customers of the company’s commitment to legal and ethical standards.

This media release comes at a time when regulatory scrutiny in sectors like online gaming and betting has been heightened. Companies like EaseMyTrip, operating in the online travel industry, are keen to distance themselves from any associations with illegal activities to maintain their reputation and investor confidence.

The company’s stock performance and its market perception will likely depend on how the investigation progresses and whether the company's actions align with the regulatory norms set by bodies like the Enforcement Directorate and SEBI.

For further updates on the matter, EaseMyTrip has assured its stakeholders of continued transparency, with further statements expected as the investigation evolves.

In conclusion, EaseMyTrip remains resolute in its position and is taking all necessary steps to support the investigation while maintaining its reputation as a responsible and law-abiding corporate entity.

The company’s commitment to cooperating with the authorities and clarifying its position demonstrates its focus on resolving the matter swiftly and transparently, ensuring that no lasting damage is done to its public image.

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